Pinnacle Wealth Management Advisory Group provides financial planning, portfolio management for individuals and small businesses, pension consulting, estate planning, insurance, and tax preparation. Financial planning was provided to 11–25 clients last fiscal year.
Pinnacle Wealth Management Advisory Group reports 798 clients. They include 688 high-net-worth individuals, 67 individual clients, and 27 corporations and other businesses. Of its assets, 100.0% ($2.34B across 1,956 accounts) are managed with discretion. It advised 20 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 8% | <1% |
| High-net-worth individuals | 86% | 91% |
| Pension and profit-sharing plans | <1% | <1% |
| Charitable organizations | 1% | <1% |
| Insurance companies | Fewer than 5 | <1% |
| Other client typesCorporations and other businesses | 3% | 8% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 67 | $12.9M | 0.6% | $193K |
| High-net-worth individuals | 688 | $2.12B | 90.6% | $3.08M |
| Pension and profit-sharing plans | 7 | $5.17M | 0.2% | $738K |
| Charitable organizations | 9 | $15.3M | 0.7% | $1.69M |
| Insurance companies | Fewer than 5 | $8.67M | 0.4% | — |
| Corporations and other businesses | 27 | $177M | 7.6% | $6.57M |
| Total | 798 | $2.34B | 100% | — |
- Clients
- 67
- Regulatory AUM
- $12.9M
- AUM share
- 0.6%
- Avg. per client
- $193K
- Clients
- 688
- Regulatory AUM
- $2.12B
- AUM share
- 90.6%
- Avg. per client
- $3.08M
- Clients
- 7
- Regulatory AUM
- $5.17M
- AUM share
- 0.2%
- Avg. per client
- $738K
- Clients
- 9
- Regulatory AUM
- $15.3M
- AUM share
- 0.7%
- Avg. per client
- $1.69M
- Clients
- Fewer than 5
- Regulatory AUM
- $8.67M
- AUM share
- 0.4%
- Avg. per client
- —
- Clients
- 27
- Regulatory AUM
- $177M
- AUM share
- 7.6%
- Avg. per client
- $6.57M
Total
- Clients
- 798
- Regulatory AUM
- $2.34B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 20
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 11–25
Pinnacle Wealth Management Advisory Group charges 0.50%–1.25% a year for its Investment Advisory Services. The fee is billed in advance or in arrears and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Stand-alone Financial Planning and Consulting
- Stand-alone planning and consulting fees are negotiable, generally $500 to $15,000 fixed or $125 to $350 hourly.
Pinnacle Capital Management, LLC owns 50% to 75% of Pinnacle Wealth Management Advisory Group and is in turn owned by James Ferrare (75% or more). The leadership team of Pinnacle Wealth Management Advisory Group includes Chief Compliance Officer Carmine Davino. It has 13 employees, 11 of them in advisory roles.
Leadership
- Carmine DavinoChief Compliance Officer
James FerrareManaging Member
Investment adviser representatives
10 representatives listed in the SEC register as of 9 October 2026.
- Carmine NMN D'Avino
- Thomas William Farrell
- Ryan Ashley Fause
- James F Ferrare
- Austin Hagaman
- Monica Judith Jalife
- Mark Nicholas Lucci
- Ann Goldschmidt Schnorrenberg
- Sean Norris Severson
- Alexander Smit
Staff
- 13 employees
- 11 in advisory functions
- 11 state-registered reps
- Owns 50% to 75% of Pinnacle Wealth Management Advisory Group, LLC
Pinnacle Capital Management, LLC
Control person · since May 2011
- Owns 75% or more of Pinnacle Capital Management, LLC
James Ferrare
Control person · since June 2011
- Owns 25% to 50% of Pinnacle Wealth Management Advisory Group, LLC
WS+B Financial Services Group LLC
Control person · since July 2011
- Owns 75% or more of WS+B Financial Services Group LLC
Withum, Smith & Brown, P.C.
Control person · since October 1998
Pinnacle Wealth Management Advisory Group’s regulatory assets grew 3.4× from $683M (April 2021) to $2.34B (October 2026); clients rose from 319 to 798 and employees from 11 to 13.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| October 2026 | $2.34B | 798 | 13 | 7 |
| March 2025 | $1.96B | 736 | 12 | 8 |
| March 2024 | $1.58B | 656 | 12 | 8 |
| March 2023 | $1.33B | 585 | 13 | 8 |
| March 2022 | $1.17B | 504 | 13 | 7 |
| April 2021 | $683M | 319 | 11 | 7 |
Besides its headquarters, Pinnacle Wealth Management Advisory Group has 6 offices (1 private residence, listed without an address), with 5 listed addresses in California, New Jersey and Virginia.
New Jersey · 3 listed addresses
- 47 Reckless Place, Red BankHQ
- 506 Carnegie Center, Princeton
- 200 Jefferson Park, Whippany
California · 1 listed address
- 100 Spectrum Center DR, Irvine
Virginia · 1 listed address
- 1800 Tysons Boulevard, Tysons
Contact and registration details
- Legal name
- Pinnacle Wealth Management Advisory Group, LLC
- Headquarters
- 47 Reckless Place, Red Bank, NJ 07701
- Website
- withumwealth.com
- Phone
- 732-450-0147
- @withum-wealth
- SEC file
- 801-72657
- Founded
- 2011
- Structure
- New Jersey LLC
- Fiscal year end
- December
Pinnacle Wealth Management Advisory Group uses Charles Schwab ($1.59B, 74%) and Fidelity ($554M, 26%) as custodians for its separately managed accounts. Pinnacle Wealth Management Advisory Group has custody of $918M in client assets for 400 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $1.59B74%
- FidelityNational Financial Services LLC · Boston, MA · $554M26%
At year end, Pinnacle Wealth Management Advisory Group’s separately managed accounts were mostly in funds (50%) and stocks (28%). Its reported 13F holdings for the quarter ended 30 June 2026 total $1.68B across 572 positions; the largest are Vanguard Index Fds Vanguard To (4.1%), Apple Inc. (3.8%) and iShares MSCI USA Quality (3.8%).
What the accounts hold
- Stocks28%
- Funds50%
- Registered funds47%
- Pooled vehicles3%
- Bonds21%
- U.S. government and agency bonds10%
- Investment grade corporate bonds6%
- State and local bonds5%
- Cash1%
Reported 13F holdings
- $1.68B
- Reported 13F value
- 572
- Positions
- 30.2%
- In the 10 largest
- +14.8%
- Value vs. prior quarter
- Vanguard Index Fds Vanguard ToETF4.1%
- Apple Inc.3.8%
- iShares MSCI USA QualityETF3.8%
- Vanguard Small-cap ETFETF3.1%
- Invesco Qqq Trust Series IETF3.0%
- Vanguard High Div Yield ETFETF2.9%
- Vanguard FTSE All World Ex USETF2.8%
- iShares Core S&P 500 ETFETF2.3%
- Nvidia Corporation2.2%
- State Street SPDR S&P 500 ETFETF2.2%
Together, the ten largest are 30.2% of reported value.
How many clients does Pinnacle Wealth Management Advisory Group have?
Pinnacle Wealth Management Advisory Group has 798 clients and manages $2.34 billion for them, as of October 2026. They include 688 high-net-worth individuals, 67 individual clients, and 27 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 1 October 2026
What services does Pinnacle Wealth Management Advisory Group offer?
Pinnacle Wealth Management Advisory Group provides financial planning, portfolio management for individuals and small businesses, pension consulting, estate planning, insurance, and tax preparation.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Pinnacle Wealth Management Advisory Group charge?
Pinnacle Wealth Management Advisory Group charges 0.50%–1.25% a year for its Investment Advisory Services. The fee is billed in advance or in arrears and is negotiable.
Source: ADV PART 2A, filed 21 March 2026
Which custodians does Pinnacle Wealth Management Advisory Group use?
Pinnacle Wealth Management Advisory Group’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $1.59B and National Financial Services LLC (Boston, MA), with $554M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 1 October 2026
How many financial advisors does Pinnacle Wealth Management Advisory Group have?
Pinnacle Wealth Management Advisory Group has 11 investment adviser representatives registered with state securities authorities, out of 13 employees, and 11 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Pinnacle Wealth Management Advisory Group invest in?
At the end of its last fiscal year, Pinnacle Wealth Management Advisory Group’s separately managed accounts held 47% registered funds (mutual funds, ETFs, BDCs), 28% exchange-traded equities, 10% U.S. government and agency bonds, 6% investment grade corporate bonds, 5% state and local bonds, 3% pooled vehicles (private funds and similar) and 1% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Pinnacle Wealth Management Advisory Group?
Pinnacle Wealth Management Advisory Group is owned through holding companies by James Ferrare and Withum, Smith & Brown, P.C. Its direct owners are Pinnacle Capital Management, LLC (50% to 75%) and WS+B Financial Services Group LLC (25% to 50%).
Source: Form ADV Part 1A, Schedules A and B, filed 1 October 2026
How does Pinnacle Wealth Management Advisory Group get paid?
Pinnacle Wealth Management Advisory Group is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Pinnacle Wealth Management Advisory Group?
Pinnacle Wealth Management Advisory Group’s main office is at 47 Reckless Place, Red Bank, NJ 07701. Its phone number is 732-450-0147. Its website is withumwealth.com.